Prufesh R. Modhera

Prufesh Modhera

Overview

Prufesh Modhera is a proactive and practical adviser to investment management clients on federal securities law matters.

His practice includes counseling investment companies, investment advisers and independent directors on complex securities law issues arising under the Investment Advisers Act of 1940 and the Investment Company Act of 1940. He also assists in responding to SEC inquiries and provides advice to boards of directors on various governance issues.

In addition, Prufesh helps sponsors and investment advisers form and structure private investment funds including domestic and offshore hedge funds, funds of hedge funds and private equity funds.

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Results

Representative Matters

  • represented Nationwide Financial in its agreement with HighMark Capital Management, Inc. to acquire 17 equity and bond mutual funds with $3.6 billion in assets including the reorganization of those funds into the Nationwide Mutual Fund complex
  • represented Nationwide Mutual Funds in the adoption of various mutual funds from UBS and Thompson, Siegel & Walmsley
  • represented Bridgeway Funds in a fund adoption transaction with American Beacon
  • represented Bridgeway Funds in obtaining an inter-fund lending order from the SEC
  • represented the independent trustees of the First Investors Funds in the acquisition of First Investors Management Company by Foresters, a Canadian insurance company
  • represented a large institutional investor and its various affiliates in negotiating investments exceeding $800 million in various private funds
  • advised a college endowment in negotiating its investments in various private funds including domestic and offshore hedge funds
  • engaged by various investment advisory subsidiaries of a large insurance company to prepare all offering and organizational materials for the launch of several private funds including hedge funds and private equity funds
  • engaged by a state-registered investment adviser to prepare all offering and organizational materials for the launch of a private investment fund that invests in U.S. and Israeli equity securities and other equity-focused private investment funds
  • engaged by California-based registered investment adviser to prepare all offering and organizational materials for the launch of several private investment funds that invest in distressed residential real estate and municipal securities
  • engaged by a sponsor of private investment funds to provide securities law advice related to the operation of various private feeder funds that invest in other unaffiliated private investment funds
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Credentials

Bar Admissions
  • District of Columbia
  • New York
Education
  • J.D., American University Washington College of Law
  • M.B.A., Georgetown University
  • B.A., Rutgers University
Memberships

  • American Bar Association
  • New York State Bar Association
  • Stradley Ronon Diversity Group

Languages
  • Gujarati

Speaking Engagements

  • Panelist, “The Regulation of Startup Hedge Funds,” The Hedge Fund Startup Forum
  • Presenter, “Investment Management M&A”
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